The Central Board of Indirect Taxes and Customs (CBIC) on October 16, 2024, issued a notification regarding the retrospective issuance of certificates of origin under India-UAE CEPA.
The following has been stated: -
•The India-UAE Comprehensive Economic Partnership Agreement (CEPA) allows for retrospective issuance of Certificates of Origin (COOs) under exceptional circumstances. Rule 15(11) of the CEPA rules permits COO issuance within five working days of exportation or later in exceptional cases.
•Importers can claim preferential benefits upon submitting a valid COO within the stipulated timeframe, provided authenticity and product origin are undisputed.
•Customs formations should be sensitized to accept retrospectively issued COOs and minor discrepancies should not invalidate COOs unless they cast doubt on product origin.
The detailed notification is given in the document below.
[Instruction No. 21/2024-Customs]
